Quote:
Originally Posted by Roughneck
Cash heavy, probably.
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No, I have about 8% sitting in cash which isn’t ideal but dividends and contributions have been accumulating for awhile now. Like another poster said regarding PE ratios of say 50, that is not a company I want to buy just as I wouldn't buy a private company where it would take 40 or 50 years of earnings to get my initial investment back. I plan to invest some capital soon to bring my cash down to ~ 5% and the current pullback is making that more attractive.
Regarding Jeremy Grantham, he has been talking about a crash for years. Sometime he will be right.